Tehran (AFP) March 14, 2011
Chinese company Sinohydro has signed a $2 billion deal to build a hydroelectric dam in Iran's southwest, state media reported on Monday.
Under the contract signed with Iran's Farabi, Sinohydro will construct a 315-metre (1,033 feet) high dam with a capacity of 1,500 megawatts on the border between Lorestan and Khuzestan provinces, said the website of state television.
China and Iran have become major economic partners in recent years, partly thanks to the withdrawal of Western companies in line with sanctions against the Islamic republic over its contentious nuclear drive.
Annual trade between the two nations is worth about $30 billion, according to Assadollah Asgaroladi, director of the Sino-Iranian Chamber of Commerce, who added the target was to raise this to $100 billion.
Last month, an Iranian public company said it signed a contract valued at about $13 billion with China to build more than 5,300 kilometres (3,300 miles) of railway lines in the country.
China has also significantly strengthened its presence in Iran's oil and gas sector by signing a series of contracts, in place of companies from the West and even Japan.
Iran is OPEC's second largest oil exporter, and also has the second largest gas reserves in the world after Russia.
Share This Article With Planet Earth
Water News - Science, Technology and Politics
Mekong dam faces resistance
Bangkok (UPI) Mar 3, 2011
A 1,260-megawatt hydropower project in northern Laos poses a threat to the environment and surrounding communities, environmentalists say. Xayaburi dam, the first of 11 hydropower dams proposed along the lower Mekong River, is just ending the consultation phase and a decision on construction could come as early as this month. The Mekong Agreement, which recognizes the shared impa ... read more
Japan disaster in numbers|
Outside View: Disaster's consequences
Japan's nuclear power crisis escalates
Japan disaster survivors search for the missing
Hong Kong extends 'black' travel alert for Japan
US West Coast: on frontline from nuclear cloud?
Apple delays iPad 2 release in Japan
Online sites top newspapers for Americans: report
'Pancake' stingrays found in Amazon
Sinohydro inks $2 bn deal to build Iran dam: report
Shallow-Water Shrimp Tolerates Deep-Sea Conditions
Weed-Eating Fish Key To Reef Survival
Arctic-Wide Measurements Verify Rapid Ozone Depletion In Recent Days
Wheels Up for Extensive Survey of Arctic Ice
Pace of polar ice melt 'accelerating rapidly': study
Soot Packs A Punch On Tibetan Plateau's Climate
Untapped Crop Data From Africa Predicts Corn Peril If Temperatures Rise
Knee-high fence to halt rampaging Australian toads
Seedlings Thrive With Distant Relatives, Seeds With Close Family
Seedless Cherimoya, The Next Banana
US host Beck blasted for Japan quake comments
Tsunami survivor recounts nursing home 'nightmare'
'We need world's help': Japan evacuee town mayor
Strong quake sways buildings in Tokyo
Cameroon suspends Twitter for 'security reasons'
Over 500 flee restive Casamance flee to Gambia: UN
First protests in Guinea since Conde takes power
China lends Angola $15 bn but creates few jobs
Age Affects All Primates
Brain Has 3 Layers Of Working Memory
Abortions give rise to Asia's 'lost boy' generation
Missing DNA Helps Make Us Human
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement|